Jumia will be the first e-commerce startup company based in Nigeria and in Africa to be listed on the New York Stock Exchange.
Facts reaching us shows that Jumia could go public in the next month.
The company, which was given a $1bn valuation in 2016, offers a range of online goods and has branched into food delivery, hotel and flight booking and mobile tariffs.
The company had four million active consumers at the end of 2018.
The e-commerce company was founded in Lagos by two French entrepreneurs in 2012 and has grown to become the biggest e-commerce company in Africa, now it offers services to most of the African population, in countries such as South Africa, Tanzania, Egypt and Ivory Coast.
Its largest shareholder is MTN, Africa’s biggest telecoms company.
At the moment no share price or valuation has been given but there is speculation Jumia could be valued at $1.5bn, despite the fact that it reported a loss of 170m euros ($192m) in 2018.